Victoria Louie

All about Project Risk Management What is risk management for project management: It’s impossible to know everything—a fact that applies to life, as well as to project management. When taking on a new project, this is almost always the case. This uncertainty presents itself as risk, and in the context of project management, this risk […]

Useful software to help manage projects of remote workers It’s a fact: we live in a world that is growing smaller by the second. Don’t worry—the earth is not actually shrinking! Increasingly, we are using technology to break down the geographical boundaries between us in our everyday and working lives. Technology and the internet enable

Updated 19/12/2019 The different models of project teams in project management When embarking on a new project, one vital aspect to consider is the project teams who will be taking on the work. There is no one correct or right team structure that applies to all project teams. As with the nature of projects, project teams

The PRINCE2 Process Model for project management The PRINCE2 process model is a flexible framework for project management, with the intent to be used for projects across all disciplines. PRINCE2 stands for Projects In Controlled Environments, while the 2 denotes that this is the second iteration of the methodology, which has the PROMPT (Project Resource Organization

The Importance of Process Groups in Project management Where project management is concerned, process groups are a guiding structure for the managing a project from start to finish. The concept of process groups can be vague, so let’s break down these all-important groups. What is a process? A process is a collection of actions and

Earned Value Management explained What is Earned Value Management? Project management revolves around the balancing of three aspects of a project: time, scope, and cost. This is also known as the project management triangle. One technique used to evaluate how well a project is doing is called Earned Value Management (EVM). EVM is a methodology

The PMI / PMBOK Guidelines (Project Management Body of Knowledge) So, what is the PMBOK method? When you’re starting out as a project manager, it can be tough knowing how to get started. Luckily, there is a widely recognized project management method available to us. The PMBOK, or Project Management Body of Knowledge, is a compilation

PERT based projects: the Program Evaluation & Review Technique The PERT based projects method of planning: Every project manager wants to successfully see a project through from ideation to fruition. Planning and estimation are key to this success. However, when projects are complex, it can be difficult estimating realistic completion dates. In this case, it might

Effective Tools of Resource Management Software To get through any project, you need a team of people as well as equipment, funding, and facilities in order to get all the tasks done. These aspects can all be viewed as resources. Through the progression of a project, you don’t need every resource for every task or

How to use software to manage your phase-gate projects One of the first things you need to figure out when starting a new project is how you’re going to structure the project work. What are the processes you need to have in place? What methodologies will you lean on to give your project structure? Even